Pyrum Innovations AG publishes results for the first quarter of 2023

Dillingen /​Saar, 15 June 2023 — Pyrum Inno­va­tions AG (“Pyrum”, the “Company”, ISIN: DE000A2G8ZX8), a pionee­ring company that sustain­ably recy­cles used tyres with its globally patented, unique pyro­lysis tech­no­logy, today published its conso­li­dated interim report for the period from 1 January to 31 March 2023. In the first three months of 2023, both sales of EUR 218 thousand (Q1 2022: EUR 222 thousand) and the result for the period of EUR ‑2,236 thousand (Q1 2022: EUR ‑2,218 thousand) were on a par with the previous year.

After the pelle­ti­sing plant was trans­ferred to series produc­tion in the first quarter of 2023 and all the neces­sary certi­fi­ca­tions were successfully completed for three custo­mers, series deli­veries of high-quality reco­vered carbon black (rCB) began in May 2023.

The conso­li­dated interim report of Pyrum Inno­va­tions AG for the period from 1 January to 31 March 2023 is available on the company’s website at https://​www​.pyrum​.net/​i​n​v​e​s​t​o​r​e​n​/​f​i​n​a​n​z​p​u​b​l​i​k​a​t​i​o​n​en/ available.

Pyrum Innovations AG

Contact us

IR.on AG
Frederic Hilke
Tel: +49 221 9140 970
E‑mail: pyrum(at)ir-on.com

Pyrum Inno­va­tions AG
Diesel­strasse 8
66763 Dillingen
E‑mail: presse(at)pyrum.net
https://​www​.pyrum​.net

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About Pyrum Innovations AG

With its patented pyro­lysis tech­no­logy, Pyrum Inno­va­tions AG is active in the attrac­tive recy­cling market for used tyres and various plas­tics. Pyrum’s pyro­lysis process is largely energy self-suffi­cient and, accor­ding to the Fraun­hofer Insti­tute, saves signi­fi­cantly more CO2 emis­sions than today’s stan­dard recy­cling processes for used tyres — espe­ci­ally compared to inci­ne­ra­tion in cement plants — and produces new raw mate­rials such as pyro­lysis oil, gas and recy­cled carbon black (rCB) from the waste used as input mate­rials. In this way, Pyrum closes the mate­rial cycle and pursues a 100% sustainable busi­ness model. As a pioneer, Pyrum Inno­va­tions AG was the first company in the waste tyre recy­cling sector to receive REACH regis­tra­tion from the Euro­pean Chemi­cals Agency (ECHA) for the pyro­lysis oil it produces back in 2018. This means that the oil is reco­g­nised as an offi­cial raw mate­rial that can be used in produc­tion processes. In addi­tion, Pyrum has received ISCC PLUS certi­fi­ca­tion for the pyro­lysis oil and the rCB. Both products are ther­e­fore reco­g­nised as sustainable and rene­wable raw mate­rials. Pyrum has also received ISO 14001 certi­fi­ca­tion for its envi­ron­mental manage­ment system and ISO 9001 certi­fi­ca­tion for its quality manage­ment system. These successes have also been reco­g­nised by inter­na­tional experts in the tyre industry. For example, Pyrum was hono­ured at the first Recircle Awards in the cate­gory Best Tyre Recy­cling Inno­va­tion and has been a fina­list for the German SME award three times in a row.